Hello;
I had my mom living with us from April 2012 until March 2013. She was on visitor visa. Will I be able to claim her medical expenses incurred while she was in Canada in my tax clam? We supported her financially.
Also, my in-laws lived with us around the same time and they are on super visa. Can I claim their medical expenses as well?
Thank you so much,
Best Regards,
Sridhar.
Quote:
Originally posted by sramamur
Hello;
I had my mom living with us from April 2012 until March 2013. She was on visitor visa. Will I be able to claim her medical expenses incurred while she was in Canada in my tax clam? We supported her financially.
Also, my in-laws lived with us around the same time and they are on super visa. Can I claim their medical expenses as well?
Thank you so much,
Best Regards,
Sridhar.
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Here is some information on the ACTION PLAN Website :
Through Canada’s Economic Action Plan, the federal government is committed to supporting those caring for a dependent relative.
Budget 2011 provided assistance to caregivers by ensuring that the extraordinary medical and disability-related expenses they incur for dependent relatives are fully recognized by the tax system.
About the Initiative. :
The Medical Expense Tax Credit recognizes the impact of above-average, itemizable medical and disability-related expenses on an individual’s ability to pay tax. A taxpayer may claim the Medical Expense Tax Credit in respect of eligible expenses that exceed the lesser of 3 per cent of the taxpayer’s net income for the year and $2,109 (in 2012). There is no limit on the amount of eligible expenses a taxpayer can claim for himself or herself, a spouse or common-law partner or a dependent child under 18.
Caregivers who incur medical and disability-related expenses for an aging parent, sibling or other financially dependent relative are generally able to claim these expenses under the Medical Expense Tax Credit. However, a $10,000 limit formerly applied on the amount that could be claimed for such a relative. To ensure that extraordinary medical and disability-related expenses incurred in respect of financially dependent relative are fully recognized by the tax system, Budget 2011 removed the $10,000 limit on such eligible expenses under the Medical Expense Tax Credit.
Who Will Benefit
This measure benefits those claiming the Medical Expense Tax Credit in respect of eligible expenses in excess of $10,000 for a financially dependent relative.
Initiative Update
The Keeping Canada’s Economy and Jobs Growing Act implementing these legislative changes received Royal Assent on December 15, 2011. This measure came into effect for the 2011 and subsequent taxation years.
Find Out More
For more information, please visit the Department of Finance Canada website and the Canada Revenue Agency website.
Primary navigation (left column)
http://actionplan.gc.ca/en/initiative/enhancing-recognition-medical-expenses-caregivers
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http://actionplan.gc.ca/en/initiative/enhancing-recognition-medical-expenses-caregivers>
FH.
There is a lot more that I can write about this which will take a whole page and after reading you will find that you cannot get a cent back from this Government as it is stacked against all of us, getting anything back from them. It is as tight as a toads ....... !